Seán Fleming (Laois, Fianna Fail)
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543. To ask the Tánaiste and Minister for Justice and Equality the number of statutory instruments in respect of global valuations that have been issued; the reference numbers of such statutory instruments that have been issued in each year over the past five years; and if he will make a statement on the matter. [46736/17]

Charles Flanagan (Laois, Fine Gael)
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The statutory process governing the “global” valuation of public utility undertakings is set out in section 53 of the Valuation Act 2001, as amended by the Valuation (Amendment) Act 2015. I am advised by the Commissioner of Valuation that a total of 51 statutory instruments in respect of global valuations have been put in place since the enactment of the Valuation Act 2001. These can be grouped into two categories. The first category relates to orders which initiate the valuation of a public utility undertaking under sections 53 (1) and 53(6) of the Act. The second category relates to orders under section 53(8) which prescribe the manner in which the net annual value of a public utility undertaking determined in a global valuation is to be apportioned amongst the relevant rating authorities and the adjustments to be applied in accordance with section 58(1) of the Act.

The titles and reference numbers of the statutory instruments in respect of global valuations issued over the past five years is contained in the table below.